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Reallifetrading
29 de Jun. de 2015 17:48

HSY looks sweet Largo

The Hershey CompanyNYSE

Descripción

Stock is at a very good longer term support. Buy low / sell high. Stop placement could be below the 200 SMA on a weekly (red line)

Let's see what happens.

One could go long here...
Comentarios
VelvetHammersTrading
Have to disagree with you on this one Newsome! On a weekly and a monthly, HSY looks bearish. There's a strong fib at 85.05, that would be a weekly support and then the monthly 50 at 83.77. Look at weekly and monthly stochs, way got room to move lower. Let's see what happens but going long here isn't advisable until the stochs and candles play out.
Reallifetrading
It's close to your .618 ! ; ) If it makes it down there and bounces, strong longer term support right? I agree. WE shall see. Not the sweetest trade out there. ; )
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